Project Time Management Essay Example for Free

Project Time Management Essay This essay on project management will briefly give a proper description of the project management and what it entails. It will further discuss all the tasks that are normally involved in proper time management. The major focus of this particular essay will be on the time constraint and how time can be properly managed and the general importance of managing time in IT projects. It will then be concluded by giving reasons as to why project managers should actually have their projects well managed especially in the time part of it if at all he would want to realize success at the end of the projects. Introduction Project management is that discipline that is concerned with planning, organization and resource management to bringing a specific project to a successful completion of its major objectives and goals (Baker, 2000). The major challenge of managing projects is to achieve its set objectives and goals while at the same time adhering to the constraints of project management which are normally scope, time, quality and budget. The secondary challenge is normally the optimization of the allocation and to integrate the necessary inputs in such a way that the pre-defined objectives may be met. A project may be well defined as set of different or even similar activities that make use of available resources such as money, materials, people, space and many others to achieve the set project goals and objectives. According to Conn, M (2007) the job of managing a project is quite often the major responsibility of an individual person who in this case is the project manager or the project management team. In most cases the project manager seldom takes part in a direct way in the various activities that will produce the final result, but rather he will strive to make sure that the general progress and the mutual interaction between his workers is well maintained so that the overall risk of the project failing is reduced or eradicated. The manager of a project is often an ambassador of his clients and therefore the needs of his clients are well determined and implemented by the project manager and this is usually based on the kind of enterprise they are representing. In any given field, the project manager should be able to envision the whole project that is from start to finish. He should also have the ability to ensure that the vision is realized by the project. This clearly tells someone that before you become a project manager, one should make sure that he is well informed and be ready to listen to the needs of clients which in most cases they are varied. Just like any other human undertaking, all projects have to be done and delivered through some well known constraints. Traditionally, the constraints are listed as time, scope and scope. These constraints are better known as the triangle of project management, where constraints are represented by each side of the triangle. This particular essay will have its major focus on the time constraint of project management (Cable, D. 2004). Project time management Project time management basically means the planning of the processes and organization of resources in a project to ensure its well-timed completion. The management of time is an important skill that is very critical and any project manager should have this vital skill. From surveys done by scholars on project management, the survey reports claim that most of the successful project managers have the history of completing their projects within their stipulated time and the project budget. Project failure from the past may have been caused by lack or absence of schedule management that is, defining, scheduling and implementing these tasks or activities that are to be undertaken by the steering team or manager. In the present world, there are so many softwares that project managers can use in time or schedule management within a project (Brooks, 2001). Tasks in a project The first task in a project time management is the activity definition. Here the main activities in the project are defined so that the management team knows what they are dealing within as the progress goes on. In preparation of the project schedule, the manager of the project should be fully aware of the content of each given tasks that are involved in the project, the length of time the task will require to be completed, the kind of resources that the tasks will need and the exact order the tasks should be done. The project manager should know that each of the said elements normally will have direct bearing on the time or schedule of the project. And if the project manager omits certain tasks then the project stands higher chances of not being completed. Once more, if a manager of a task does not take seriously the amount of required resources or the length of time required for a particular task then the project manager stands higher chances of missing the time schedule for his project. The time schedule can also be missed or rather be blown if the project manager makes a bad sequencing of the project tasks. While project schedule can be build by either listing, in a particular order, all the important tasks that have to be completed in some specific manner. This task is often referred to as activity sequencing. Assigning of order and specific duration in which it should occur in every given task will also help the project management team a great deal. After assigning of this sequence requirement project management team should now allocate all the required resources for that particular task. This should be followed by determining the tasks that should first be completed (predecessors) and determining the tasks should be completed last (successors) and this is normally a pretty simple exercise. Normally difficulties do arise in managing project schedule. In most cases the difficulty will arise when there is not enough time and resources for the proper completion of the tasks of a given project sequentially. It is therefore advised that the given tasks in a project be overlapped in such a way that more than one task is attended to at the same time (Cable, 2004). The softwares that are commonly used in managing projects normally simplify the tasks that are involved in the creation and management of project schedules by handling all sorts of iterations in the time logic for the project manager. When all the required tasks have been put in an ordered list, then they have been well resourced and put in a correct sequence, the manager of the project will be able to notice that some of the laid down tasks are flexible in terms of start and finish dates. Such flexibility in project management is well known as float. And other tasks do not have any kind of flexibility at all and therefore are zero floats. Therefore any line through all the given tasks that have zero floats is referred to as the critical path. All the tasks that are found on the critical path, and there is possibility that there can be multiple of them, paths that are parallel, they must come to a completion on the stated time if the entire project has also to be completed on time. The key task of a project manager is time management and the management of the critical path (Cavendish, 2003). The project manager should however be aware of any items can be removed or even added in the critical path, this may be due to changing of circumstances that may occur during the project execution. Regardless of how well a project manager manages his time schedule and the available resources then the project manager would only have budget management as the only critical element left. At this particular point, it is therefore advised that all managers of different projects be fully aware of all the tasks that are involved in the projects that they are managing. This will enable them to have full control of every progress in the tasks and it will ensure that the project in progress is completed within the specified time in the budget (Clough, 2005). Importance of project time management Project time management is an important aspect of project management. The following are some of the major importance of project time management. Proper project time management will ensure that project managers deliver their projects within the stated time on the project budget. That means that time and good schedule management will always work to the advantage of the project manager in that the project manager will always be delivering his projects without unnecessary delays that are normally brought about by poor time management (Baker, 2000). Another importance of time management in an IT project is that the project manager will be in a very good position to allocate resources and everything that will be needed in that particular project because when time is managed properly, the manager will be able to tell all that will required by specific tasks in the project. This will have a very positive impact on the IT project in that time will be well managed and resources well allocated and the end result will completion of the project in good time (Cohn, 2007). With time management in a project, the project manager will be able to plan everything that will have to take in every step. And this is one of the most vital things of time management that most managers of different projects agree upon. Effective management of time in projects often motivates the participating team members in such a way that they will always be willing to actively involved in planning the project. Involvement of the fellow members of the team in planning for the project will definitely increase the chances of the project realizing success. Time management will help the project manager to have his deadlines set. Normally projects should be done within a set period of time, but deadlines most of the times if not so well planned become unrealistic. With proper project time management skills together with skilled project manager, proper and realistic deadlines will be set which will ensure that a sense of urgency has been inducted into the team members. Again, the use of project time management skills in managing IT projects will ensure that the project manager keeps good track of the progress of the project and he will also be able to make priorities in his own work (Duane, 2007). Another important task in time project management is the scheduling of the project activities in the order that they should occur. This is very vital because it defines the activities to be prioritized and the trailing ones. This helps in determining the most important step from the less important step at any given time. Project time management is an important tool in project management in such a way that it helps the manager of the project to sift and sort out ideas concerning the progress of the project before the manager of the project commits himself in allocating resources. This is normally achieved by having objective criteria for his project selection and this will enable the manager to only approve those projects that are on priority (David, 2000). Conclusion Drawing from the essay, it can be said that it is very important for a project manager to be fully aware of what his project entails. Putting down all the activities in an ordered list or manner will help in time allocation of the various activities in the project. Using all the available tools of project management, a project manager will be able to deliver his projects on time since his work will be well planned. Meeting the deadlines in project management is the most important thing and using project time management is the only way towards achieving it.

Brutus versus Cassius in Shakespeares Julius Caesar :: essays research papers

Brutus vs. Cassius In the play Julius Caesar by William Shakespeare is the story of Julius Caesar’s death that took place 1500 years ago. Caesar, during the time, was escalading in power and was to become emperor. The public was mostly pleased with having Julius Caesar as their emperor but there were people who were outraged and were determined to stop this from happening. The conspirators, as they were called, were a group made up of senators and men of high status in Rome. The two most important men were Marcus Brutus and Cassius. These two men planned and killed Julius Caesar and later led a civil war against Octavious Caesar, Marc Antony and Marcus Lepidus. Although both Brutus and Cassius had their hearts set on the same goal they show distinct contrast between their traits and their moral fiber. Brutus is a character of fierce loyalty and nobility towards Rome. He is a man honored and admired by everyone. He gets too preoccupied with his political life and doesn’t give enough attention or love to his wife. Brutus is also a man of strong pride and self confidence which led to the fate of this tragic hero. Brutus’ honor is displayed during his speech at Caesar’s funeral, â€Å"Who is here is so rude that would not be a Roman? If any speak, for him I have offended†(3.2.29-32). Although Brutus has strong honor, he is also over confident. This is shown to us when he tries to befriend Antony. â€Å"O Antony, beg not your death of us! Though now we must appear bloody and cruel, as by our hands and this our present act you see we do, yet see you but our hands. And this bleeding business they have done†(3.1.177-181). Brutus is clouded by his exaggerated poise and can not realize that Antony will be livid and will not listen. Brutus could not see the harm being caused, instead he was a man thinking for the good of Rome. Cassius is a character far less great then that of Brutus. Cassius is an envious and corrupt man who is also politically astute and thinks inward instead of out like Brutus. Cassius’ motive for killing Julius Caesar is because he is jealous of Caesar’s political position and for him to obtain more power. Brutus versus Cassius in Shakespeare's Julius Caesar :: essays research papers Brutus vs. Cassius In the play Julius Caesar by William Shakespeare is the story of Julius Caesar’s death that took place 1500 years ago. Caesar, during the time, was escalading in power and was to become emperor. The public was mostly pleased with having Julius Caesar as their emperor but there were people who were outraged and were determined to stop this from happening. The conspirators, as they were called, were a group made up of senators and men of high status in Rome. The two most important men were Marcus Brutus and Cassius. These two men planned and killed Julius Caesar and later led a civil war against Octavious Caesar, Marc Antony and Marcus Lepidus. Although both Brutus and Cassius had their hearts set on the same goal they show distinct contrast between their traits and their moral fiber. Brutus is a character of fierce loyalty and nobility towards Rome. He is a man honored and admired by everyone. He gets too preoccupied with his political life and doesn’t give enough attention or love to his wife. Brutus is also a man of strong pride and self confidence which led to the fate of this tragic hero. Brutus’ honor is displayed during his speech at Caesar’s funeral, â€Å"Who is here is so rude that would not be a Roman? If any speak, for him I have offended†(3.2.29-32). Although Brutus has strong honor, he is also over confident. This is shown to us when he tries to befriend Antony. â€Å"O Antony, beg not your death of us! Though now we must appear bloody and cruel, as by our hands and this our present act you see we do, yet see you but our hands. And this bleeding business they have done†(3.1.177-181). Brutus is clouded by his exaggerated poise and can not realize that Antony will be livid and will not listen. Brutus could not see the harm being caused, instead he was a man thinking for the good of Rome. Cassius is a character far less great then that of Brutus. Cassius is an envious and corrupt man who is also politically astute and thinks inward instead of out like Brutus. Cassius’ motive for killing Julius Caesar is because he is jealous of Caesar’s political position and for him to obtain more power.

Managerial Economics and Globalization Essay

Abstract This paper will describe the details of a fictitious business and will assess the current environmental scan factors while determining the factors that will have the greatest impact on plant operations and management’s decision to continue or discontinue operations. Thirdly, this paper will evaluate the financial performance of the company using the information provided in the scenario; consider all key drivers of performance, such as company profit or loss for both the short term and long term. Also, a recommendation as to how the company can improve its profitability and develop a brief plan to implement the recommendations. Lastly, this paper will assess the circumstances in which the company should discontinue operations while providing a set of reasonable rationales. 1. Briefly describe the details of the fictitious business that you created for this assignment. The fictitious business in this assignment is named TopShop, which is an American multinational retailer with its main headquarters in New York. It is a high end fashion brand that specializes in fashion clothing, shoes, make-up and accessories. Currently, TopShop has 150 workers for its factory in New Jersey, and has hired a consultant to offer some advice that could help it make a decision as to whether it should shut down completely or continue operations. In addition, TopShop has 100 workers that produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firm’s output is $32. The cost of other variable inputs is $2,000 per day. The firm’s fixed cost is â€Å"high enough† so that the firm’s total costs exceed its total revenue. The marginal cost of the last unit is $30. 2. Assess the current environmental scan factors. Determine the factors that will have the greatest impact on plant operations and management’s decision to continue or discontinue operations. The environmental scan factor refers to the macro environment and is the activity of acquiring information about events and relationships in a company’s outside environment, the knowledge of which would assist top management in its task charting the company’s future course of action. (Aguilar,1967). Comparably, finance, marketing, and operations will have the greater impact on plant operations and management’s decisions in determining if the operation continues its business. First, finance is responsible for acquiring financial resources at favorable prices and allocating those resources throughout the business, as well as budgeting, analyzing, investment proposals, and providing funds for operations. Secondly, marketing aims to analyze and determine consumer demands in the future, then selling and promoting its products and services. Thirdly, operations are responsible for production of goods and customer services in business. In addition, the production of goods or services supply could transform inputs into outputs (Michaels, 2011). Inputs such as capital, labor, and information are used to create goods or a service. That is why companies take measurements at various points in the transformation process and then compares them with previously established standards to determine whether corrective action is needed. In other words, the three factors; finance, marketing and operation can work in the study and interpretation of the political, economic, social and technological (PEST analysis) events and trends which influence a business, an industry or even a total market. In summary, they have the greatest impact on plant operation and management’s decision. 3. Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term. Be sure to show the calculations that helped you reach your conclusions. Topshop’s financial performance is in trouble. A decision was made to hire Mr. Blake Lively as a managing consultant to offer suggestions to improve Topshop’s financial performance. Based on the data given, Blake considered the following key drivers of performance and the financial analysis. The details are following: 100 employees produce 6,000 units in a month. The price is $32 The total revenue per day = 6,000*$32 = $192,000 Daily wage per employee = $70 Total wage in one month = 20days * 100 employees * $70 = $140,000 Total variable cost = variable inputs + total wage in one month = $2,000*20days+ $140,000 = $180,000 per month. AVC=TVC/Q=$180,000/6,000=$30 per unit Net income=Total Revenue-TVC=192,000-180,000=$12,000 Based on the analysis of data, Topshop could continue its operations in short term because the $32 price is more than AVC $30, and the revenue received per month is $12,000. However, in the long term, Topshop should seriously consider the option of shutting down completely. The main reason being that the firm’s fixed cost is high enough so that its total costs exceed its total revenue, and the price must be less than AVC. Under this situation, the firm has no other recourse but to close its operation. 4. Recommend how the company can improve its profitability. Then, develop a brief plan to implement the recommendations. Every business can improve its profitability by aiming to increase profitability, reduce costs, consider the price, and expand the market. Buy more effectively One of the most obvious routes to increasing the profitability is to buy more effectively. It makes sense to review a supplier base regularly and to determine if a firm can buy the same raw materials more cheaply or efficiently. However, it must be ensured that the cheaper raw materials will not reduce quality of product and service (He, et al., 2007). Manage your costs Close management of the costs can drive firm’s profitability. Most businesses are capable of fining some forms of waste to reduce, however it is important to be mindful and not cut costs at the expense of the quality of products and services. Pricing considerations It is a good idea to regularly examine the pricing. Changes in the marketplace may help increase the price without risking sales. However, it is essential to test any price increases before they are made permanent. Expand your market Moving into new market areas can transform a business and if handled correctly, can significantly increase the profitability. However, bear in mind that developing new products and services and selling in new markets can be risky – and mistakes can prove very costly. 5. Assess the circumstances in which the company should discontinue operations. Provide a rationale with your response. To qualify for presentation as a discontinued operation, all of the following conditions must be met: 1. The operations and cash flows of the component have been or will be eliminated from the ongoing operations of the entity as a result of the disposal transaction and 2. The entity will not have any significant continuing involvement in the operations of the component after the disposal transaction 3. A description of the facts and circumstances leading to the expected disposal, the expected manner and timing of the disposal and the carrying amounts of the major classes of assets and liabilities included as part of the disposal group (if not reflected separately on the face of the statement). 4. The gain or loss recognized and, if not separately presented on the income statement, the caption in that statement in which the gain is included. 5. If applicable, the amount of revenue and pretax profit or loss reported in discontinued operations. 6. If applicable, the segment in which the long-lived asset or disposal group is reported. References Aguilar, F. J. (1967). Scanning the Business Environment. New York, NY: McMillan. Michaels, R. J. (2011). Transactions and Strategies. 1st Edition. Mason, OH: Cengage Learning. He, Y. Q., Chan, L. K. & Wu, M. L. (2007). Balancing productivity and consumer satisfaction for profitability: Statistical and fuzzy regression analysis Original Research Article. European Journal of Operational Research, 176(1), 252-263 Drake, M., Gerde, V., & Wasieleski, D. (2011). Socially responsible modeling: a stakeholder approach to the implementation of ethical modeling in operations research. OR Spectrum, 33(1), 1-26. doi:10.1007/s00291-009-0172-9

Essay about The Use of Steroids in Sports - 1299 Words

Peanuts, hot dogs, the cracking sound of a bat crushing a ball over the left field wall. The ability to thrill so many on limitless levels is a familiar characteristic associated sports. So much attention, time, and money are devoted to sports these days, maybe even too much. Perhaps all the pressure is what has sparked steroid use in sports and stimulated numerous controversies over the subject. The use of steroids is an unfair training method for sports. Unfairness is contrary to laws, marked by deception, and unethical. When the legality, lack of work and advantageousness, and cheating are examined it is easy to see how steroids are extremely unfair in more than one way. nbsp;nbsp;nbsp;nbsp;nbsp;First of all, the use of steroids†¦show more content†¦Besides medical conditions, the team doctors do not have authority to prescribe steroids to the athlete for no reason. In addition to the legality of steroid use in the nation, they are also illegal in many professional sports. So the answer to whether or not if steroids are hurting professional sports is absolutely yes. Perhaps the reason behind steroid use is being able to achieve higher in the sport, which brings up the next concern of steroids being unfair. nbsp;nbsp;nbsp;nbsp;nbsp;Usage of steroids is an unfair training method because of the advantages created from the drugs and the lack of work done to enhance performance. Athletes have gotten where they are and achieved all their accomplishments through nothing but hard work. The usage of steroids has corrupted the work ethic of athletes. Many times it is obvious when athletes are using steroids. Some athletes that have been household names and America has come to love have had drastic changes to their bodies in the past few years over extremely short periods of time. It is almost impossible to achieve results such as athletes have recently through natural training methods. 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